Polaris Greystone Financial Group adds Arrow Electronics (ARW) to its portfolio

Arrow Electronics (ARW) : Polaris Greystone Financial Group added new position in Arrow Electronics during the most recent quarter end. The investment management firm now holds 10,284 shares of Arrow Electronics which is valued at $661,261 , the company said in a statement filed on Aug 2, 2016 with the SEC.Arrow Electronics makes up approximately 0.10% of Polaris Greystone Financial Group’s portfolio.

Other Hedge Funds, Including , World Asset Management Inc reduced its stake in ARW by selling 26 shares or 0.44% in the most recent quarter. The Hedge Fund company now holds 5,948 shares of ARW which is valued at $382,456. Arrow Electronics makes up approx 0.01% of World Asset Management Inc’s portfolio.New Amsterdam Partnersny reduced its stake in ARW by selling 7,386 shares or 61.61% in the most recent quarter. The Hedge Fund company now holds 4,603 shares of ARW which is valued at $295,973. Arrow Electronics makes up approx 0.07% of New Amsterdam Partnersny’s portfolio.Mu Investments Ltd. reduced its stake in ARW by selling 2,100 shares or 45.16% in the most recent quarter. The Hedge Fund company now holds 2,550 shares of ARW which is valued at $168,504. Arrow Electronics makes up approx 0.11% of Mu Investments Ltd.’s portfolio.Acadian Asset Management reduced its stake in ARW by selling 53,974 shares or 59.67% in the most recent quarter. The Hedge Fund company now holds 36,477 shares of ARW which is valued at $2,411,859. Arrow Electronics makes up approx 0.01% of Acadian Asset Management’s portfolio.Weaver C. Barksdale Associates boosted its stake in ARW in the latest quarter, The investment management firm added 137 additional shares and now holds a total of 1,679 shares of Arrow Electronics which is valued at $107,473. Arrow Electronics makes up approx 0.18% of Weaver C. Barksdale Associates’s portfolio.

Arrow Electronics opened for trading at $65.19 and hit $66.26 on the upside on Monday, eventually ending the session at $66.23, with a gain of 1.60% or 1.04 points. The heightened volatility saw the trading volume jump to 4,80,055 shares. Company has a market cap of $6,045 M.

On the company’s financial health, Arrow Electronics reported $1.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $1.64. The company had revenue of $5972.10 million for the quarter, compared to analysts expectations of $6032.03 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.54 EPS.

Arrow Electronics Inc. (Arrow) is a provider of products services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The Company has a portfolio of product offerings available from electronic components and enterprise computing solutions (ECS) suppliers coupled with a range of services solutions and tools for industrial and commercial customers. The Company operates in two business segments: the global components business and the global enterprise computing solutions business. The global components business segment is a provider of online catalogs for electronic components; cloud-based design tools; factory-direct end-of-life product inventory and disposition solutions to redeploy remarket and recycle technology assets. The global ECS business segment provides enterprise and midrange computing products services and solutions to value-added resellers (VARs) in the Americas EMEA and Asia Pacific regions.

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